Its only the media that seems to actually care about covid now. Everyone other than the really old most of who wouldn't have went on holidays and would rather stop at home who seem to still be afraid of covid, however these aren't the people who were ever going to fly so airlines aren't missing any revenue. Everyone else just want to get away after being stuck in. Then add on all the people who have been working from home with extra money to burn from not having to travel and you can see why airports are outperforming 2019
I have said before that management have been intentionally trying to lower the SP and im guessing the "buy back" is the reason. With HBR basically being a 40% discount you can see why it makes financial sence.
Is now the right time to go all in, i think this "buy back" will be done slowly and with small amounts with their intentions being to keep the SP down and then do a massive ending to raise the SP as they buy the last of the £200m and then they will dilute the shares to maximize profits
but its not daily fluctuations. You would expect to see an upward trend over a year but we are about on the average over a year. so look at over 2 years and similar story. Better off saying 380 is avarge so buy below and sell when it goes above